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For now, it’s boosting other parts of the economy — chipmakers and contractors that build data centers, for example.
Investors are often wary of inflation. But those higher prices can bring benefits to companies.
Plus, how artists are fighting back against AI scraping.
Artificial intelligence bets on Wall Street are huge. But some experts warn investor optimism around AI growth may be irrationally high.
“Stereotypically, poker is a boys’ club. It’s booze, it’s betting, it’s a smoky basement. It’s all the places that women don’t feel comfortable. And that’s what we’re trying to shift,” said Erin Lydon, president of Poker Power.
JPMorgan acquired First Republic’s assets and customers, but also a lot of outstanding debt.
The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What’s next for the financial industry?
Microsoft and Alphabet both reporting earnings this week. Expect AI to play a big role in their earnings reports.
The recent bank rescues should serve as a wake-up call for regulators to do more, says senior economics contributor Chris Farrell.
Credit rating agency Moody’s had given Silicon Valley Bank a high rating — right up until it failed.